US-Japan Trade Relations

Bank of Japan, lowering the Export-Import US-Japan Trade Relations Bank of Japan's interest rate on loans to finance the importation of manufactured David L Schulze goods, import financing to purchase foreign THE American merchandise trade deficit with Japan grew from US $ 9.9 billion in 1980 to US $ 19.4 billion in 1983. It neatly doubled in 1984, reached US $ 37 billion. The size of the deficit as well as its rapid growth, has created a situation that threatens good relations between the US and Japan. Both countries feel wronged by the other. The US blames the deficit on Japanese barriers to its domestic markets. The Japanese blame the deficit on American mismanagement of its economy